Reply to The increase in SALT caps is so ridiculous

Forum Index » Money and Finances

Reply to "The increase in SALT caps is so ridiculous"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The only solution to the nation's money problems is to print more money and inflate our way out of it.[/quote]

I agree with this pp from early in the thread. I would suggest buying a house if you don't already live in one since home prices will have to keep up with inflation even if the real price of it is unchanged (when inflation adjusted). Inflation hurts people that don't own property the most because their rents will increase to keep up with it but if you have a fixed rate loan, your loan becomes progressively cheaper with the same payment because you're paying back property with money that's worth less all while your house price skyrockets in total dollars to keep up with inflation. At least that's what I think we'll have to see. I can't imagine a scenario where our country is willing to raise taxes enough or cutting spending enough to pay it down. The only other option is inflating out of it. Whether that's through a Congressional action, a federal reserve decision, or the President ordering a platinum coin minted worth 40 trillion dollars? I couldn't say but eventually the current debt spiral will become unsustainable and there's no political will that gets us out of it as far as I can tell.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics